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Government likely to ban early retirement

A report is circulating that the Government will shortly announce plans to stop people from retiring before the age of 55.

The Times newspaper reports today that the social security secretary Alistair Darling will announce on Thursday his intention to repeal the tax breaks currently offered to people retiring between 50 and 55.

According to the report, the tax incentives will still be offered, but only after the age of 55.

The Government is believed to want to reverse the trend of firms using increasingly younger workers, shedding older ones in the process.

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21st January 20193:05 pm

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